CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its 2018 CoreLogic Storm Surge Report, which shows that more than 6.9 million homes along the Atlantic and Gulf Coasts are at potential risk of damage from hurricane storm surge inundation with a total reconstruction cost value (RCV) of more than $1.6 trillion (Table 1). According to the National Oceanic and Atmospheric Administration (NOAA), the 2018 hurricane season is predicted to have near- to above-normal activity. NOAA predicts a 70 percent likelihood of 10 to 16 named storms. Five to nine of these will develop into hurricanes, and one to four are predicted to reach Category 3 classification or higher.

Table 1--Total number of homes at risk nationally and estimated reconstruction cost value.